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TRU.US
id: 1019

TransUnion (TRU) Lawsuit for Deceptive Marketing, BoD Breach of Duties and Gross Mismanagement Case

  • In April 2022, the CFPB announced a lawsuit against TransUnion for deceptive marketing, claiming that the Company was cheating customers.
  • On it, $TRU fell 1.5%, losing $273M+ of shareholder value.
  • Investors may have grounds to suspect that TransUnion was engaged in unlawful marketing practices, which led to their losses.
On April 12, 2022, the Consumer Financial Protection Bureau (“CFPB”) announced filing a lawsuit against TransUnion, its subsidiaries, and its former key executive for violating a Consent Order issued in 2017 to stop the Company from engaging in deceptive marketing regarding its credit scores. CFPB stated that TransUnion was cheating customers through digital design features used to deceive, steer, or manipulate users into behavior that is profitable for an entity but harmful to users. Investigation concerns whether the Company’s BoD
  • breached its fiduciary duties to shareholders, and/or
  • grossly mismanaged the Company.
On this news, $TRU fell 1.5% and lost over $273 million of its market capitalization, seriously damaging shareholders.

Considering all the information, investors might have grounds to suspect that TransUnion systematically engaged in unlawful marketing practices, which led to their losses.

The case is already under investigation by at least one of the reputable law firms.
Case Status
Attorney Investigation
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
12 April 2022
Collecting participants…

TransUnion

TransUnion operates as a global consumer credit reporting agency that provides risk and information solutions. The company operates in three segments: U.S. Markets, International, and Consumer Inte...

    Ticker
    TRU.US
    ISIN
    US89400J1079
    CIK
    1552033
    Sector
    Industrials
    Industry
    Consulting Services
    Country
    USA
    Address
    555 West Adams, Chicago, IL, United States, 60661